Ukraine Invasion – Visa and Mastercard Ban Russian Banks From Network – Belgium

(Belga) US credit card issuers Mastercard and Visa have blocked some Russian financial institutions from their payment network. They say they are doing so in line with international sanctions imposed on the country.

It is not clear which Russian companies were affected. “Visa is taking immediate action to ensure its compliance with the sanctions, and is ready to comply with additional sanctions,” the company said in a statement. MasterCard issued a similar statement. The United States, the European Union, and the United Kingdom imposed harsh sanctions on the Russian economy and the wealthy elite. For example, some Russian banks have already been excluded from the SWIFT system that regulates financial transactions. (Belgium)

It is not clear which Russian companies were affected. “Visa is taking immediate action to ensure its compliance with the sanctions, and is ready to comply with additional sanctions,” the company said in a statement. MasterCard issued a similar statement. The United States, the European Union, and the United Kingdom imposed harsh sanctions on the Russian economy and the wealthy elite. For example, some Russian banks have already been excluded from the SWIFT system that regulates financial transactions. (Belgium)

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